In the 1990s #Mendocino had its own local currency called Seed. It was intended to keep economic value within our community.
Today communities in S. Africa, Switzerland, El Salvador, Madeira and elsewhere are using #bitcoin as a local currency.
While our fiat currency continues to lose purchasing power at the rate of inflation bitcoin is a long-term store of value.
From Cleone to Caspar and Mendocino to Gualala, bitcoin is globally accepted local money.
Dear entire journalism industry,
Please stop saying ‘crypto’ when referring to #bitcoin unless of course you are referring to crypto in which case please specify that your not referring to bitcoin and when referring to bitcoin please just say bitcoin.
It’s quite simple really.
Money can have values associated with it.
The dollar loses purchasing power through inflation and skews incentives to short term gains and speculation.
#Bitcoin gains value over time and incentivizes long-term planning, delayed gratification and a better tomorrow.
#Mebocino
Do you have the mental ability to visualize the outline of a ‘system’ in your head?
For example when you flick on a light switch can you imagine the system from power plant to light bulb or when driving your car what’s going on under the hood as you head down the highway?
If you do have this skill you’ll likely be able to imagine the components of the bitcoin network working seamlessly together and, if you’re really good, how this network is impacting the global financial system…which in turn you can visualize falling apart.
In 30 years $1,000,000 will have today’s purchasing power of:
$552,000 at 2% inflation
$412,000 at 3% inflation
$308,000 at 4% inflation
$231,000 at 5% inflation
#Bitcoin fixes this.
On the one extreme is the covered wagon heading west with pots & pans, clothes & food and some gold coins on board.
On the other extreme is the highly centralized, corporate-owned internet of convenience paid for by CBDCs.
Somewhere inbetween is the decentralized web & #bitcoin
MESSAGE: Inflation is a hidden tax that hurts the little guy. Bitcoin is the solution.
CONCEPT: A working man, blue collar who’s discovered bitcoin as a way to beat inflation and fight back.
COPY: “Inflation? No. My savings are in bitcoin.”
LOCATION: Mendocino, CA
Team red and team blue have run their course. Both believe the other is an existential threat. But zoom back up to space and you’ll see that historic tectonic shifts are happening and the old order is crumbling. The future is a giant question mark and our job now is to search for answers.
Next time you hear bitcoin mentioned (then immediately dismiss it as you continue working for $s) remember:
- it’s been around for 15 years
- it’s borderless and increasingly accepted globally
- national politicians are discussing its use as a strategic financial reserve
- The world’s largest asset managers (BlackRock/Fidelity Investments etc.) offer bitcoin as an ETF for portfolios
- You can hold bitcoin and pay for goods and services with it using a regular credit card
- El Salvador has adopted it as a national currency (alongside the $)
- publicly traded companies hold it as a treasury asset
- you can hold bitcoin yourself like cash without relying on banks
- For those who view bitcoin as an investment (rather than a superior form of money) it has returned an average of 63% over the last ten years
~~~
Bitcoin began as a niche digital collectible back in 2009. Today with ongoing inflation bitcoin is increasingly being adopted as a better form of hard asset money.
I’m concerned that between the IRS, the state DMV, the banks, mobile providers, ISPs, license plate cameras etc. we’re slowly building ourselves into a national panopticon.
Time to build our way out with privacy tools like #bitcoin & #Nostr
I’m concerned that between the IRS, the state DMV, the banks, mobile providers, ISPs, license plate cameras etc. we’re slowly building ourselves into a national panopticon.
Time to build our way out with privacy tools like #bitcoin & #Nostr
In an advanced economy with ubiquitous information, overnight delivery, rewards programs, credit-based financial products and unlimited choices…
you have to work hard to keep life simple.
#Mendocino